I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?
As long as his company has investors and it is making profits, they might be able to sustain the company and even if they go under, they can just sell a portion of their coins. Great thing Microstrategy is continuously buying and accumulating bitcoin which is good for the market because it increases the prices but at the same time, it is scary because you will get less value out of your money when you buy bitcoin.
Topic: Microstrategy added another $15 million bitcoin to assets (Read 250 times)
Microstrategy is the real king and one of the most influential thing for the market now. It's continuous support helps the market to grow more. It was indeed fee days back and the royal entry by Microstrategy in that time. So the market grow again and we are again waiting for new ATH. Hopefully this week, we may see another ATH. Bitcoin is so bullish.
I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?
As long as his company has investors and it is making profits, they might be able to sustain the company and even if they go under, they can just sell a portion of their coins. Great thing Microstrategy is continuously buying and accumulating bitcoin which is good for the market because it increases the prices but at the same time, it is scary because you will get less value out of your money when you buy bitcoin. Quote
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
Wow thats crazy Break Even Point for the Microstrategy company. Gotta follow such people and their strategies in the market though we are not putting up millions in the market but at whatever amount we buy we should walk with them. If they are taking this much risk then they must be having Plan B to sell at highest possible prices. How to make the prices go up is there power, we just scoop the bucks in the process.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
I was going to mention that Greyscale too, because that company has really invested a lot of money in bitcoin although I do know that it is not a money that belongs to the company, but rather it belongs to their clients and that’s why I believe that they are going to keep it coming since they are not going to be having just only one client, they are steady going to be having more and more clients who they will be managing their investments, which are worth millions of dollars and even above that, for on the cryptocurrency market.Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
And when these rich guys see how profitable it is, that’s going to make them to keep on investing more and more money in the market and that’s going to help the market to keep on growing.
No wonder Microstrategy decides to buy Bitcoin again, because if we look at Bitcoin's very good performance this year, surely a company as big as Microstrategy will be interested in investing even more in Bitcoin. In fact, I'm sure many other companies are also buying Bitcoin, but they don't
announce it to the public. That's why a few days ago Bitcoin suddenly went up to a price of $ 59k, maybe because Microstrategy bought Bitcoin
in quite a large amount.
But there are many negative rumors about Microstrategy, one of which is a rumor that says Microstrategy uses bank loan money to buy Bitcoin.
If this were true this would be very dangerous, but I am not sure about the truth of the rumors. Because Michael Saylor as the head of Microstrategy
must know what is best for his company, there was no way he would make such a risky decision.
announce it to the public. That's why a few days ago Bitcoin suddenly went up to a price of $ 59k, maybe because Microstrategy bought Bitcoin
in quite a large amount.
But there are many negative rumors about Microstrategy, one of which is a rumor that says Microstrategy uses bank loan money to buy Bitcoin.
If this were true this would be very dangerous, but I am not sure about the truth of the rumors. Because Michael Saylor as the head of Microstrategy
must know what is best for his company, there was no way he would make such a risky decision.
I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?
Another problem that we have to tackle after this big buys is what happens next on the retail investors because this companies are in a way gatekeeping the bitcoin from individual investors that want to buy bitcoin, although they can still get, they wouldn't be getting a lot of bang for their buck. This is another increase in the price of bitcoin market and I am a little scared of what is going to happen next.
Quote
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
Wow thats crazy Break Even Point for the Microstrategy company. Gotta follow such people and their strategies in the market though we are not putting up millions in the market but at whatever amount we buy we should walk with them. If they are taking this much risk then they must be having Plan B to sell at highest possible prices. How to make the prices go up is there power, we just scoop the bucks in the process.
Apparently, the Microstrategy, the company active in the field of business intelligence is endless, as the company's CEO Michael Silver recently announced another $15 million purchase. Silver announced on Twitter that the company had bought another 253 BTC at an average price of $59,339.
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
Bitcoin really is a good long term investment most especially to those who has huge capital like the Microstrategy. They spend millions or billions of dollars in buying Bitcoin during dip and earn millions or billions when price goes up. That is one advantage for big players as they bring good news then something great happens as Bitcoin is a community driven asset. Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
Microstrategy just doesn't stop stacking Bitcoin. And now it has almost a hundred thousand BTC in its portfolio. I hope the latest Bitcoin bought by Microstrategy wasn't coming from some retail Bitcoin owners who decided to sell because they already made some decent profit. I'm a bit worried that one day Bitcoin will only be focused among billionaire institutions.
Anyway, I wish Microstrategy would also start accepting Bitcoin as payment from their customers which include huge names such as Pfizer.
Anyway, I wish Microstrategy would also start accepting Bitcoin as payment from their customers which include huge names such as Pfizer.
For me, MicroStrategy is very lucky, they have very big confidence since they bought a lot of cheap Bitcoin last August 2020, which the price of Bitcoin before was around $10,000 - $11,000. So recently we saw a lot of purchase transactions of Microstrategy and if total all their purchased Bitcoins, the average price is now already around $24,000.
Which is still below the average price purchase of Tesla for sure.
Which is still below the average price purchase of Tesla for sure.
While we could say that luck is also a factor, it was also a really really smart move. They are probably aware that them, a decently-sized public company, putting huge amounts of money into bitcoin would most definitely pump up bitcoin's price; and it did happen once they announced it. It was like a low risk, high reward move for them.
Yes, I follow Saylor and he is going all in with Bitcoin. He is not going to stop buying. Time will tell if he is a genious or a fool.
That's not a rumor, that's news. They sold convertible debt to buy Bitcoin.
Is not Michael Saylor already holding something like 90k+ bitcoins? He already positioned himself as a major player in the future, while most of the coins Microstrategy bought were at cheaper prices the fact that he is still buying even with the current prices tells us everything that we need to know about the new whales of this market, they are not going to stop buying and if the price goes down they will just think of it as an opportunity to buy for a discount, and this will make the upcoming crash to not be as abrupt as the one we saw in 2017. I heard some rumor before about Microstrategy that "already" or "will" use money from debt just to buy Bitcoin, which for me is not something good for their company. But for sure Michael Saylor knows what he is doing.
That's not a rumor, that's news. They sold convertible debt to buy Bitcoin.
The statistic shows that all were bought within the year 2021 this also indicates how bitcoin have witness high patronage from companies and individuals. I guess the bull run just started.
For me, MicroStrategy is very lucky, they have very big confidence since they bought a lot of cheap Bitcoin last August 2020, which the price of Bitcoin before was around $10,000 - $11,000. So recently we saw a lot of purchase transactions of Microstrategy and if total all their purchased Bitcoins, the average price is now already around $24,000. Which is still below the average price purchase of Tesla for sure.
I wonder whether MicroStrategy will stop buying Bitcoin soon. After some time, they've bought another huge amount of Bitcoin worth $15m. They will be one of the companies which will benefit from the next big increase in BTC price a great deal surely.
They're accumulating and understands what others don't. If Microstrategy is keeping as much as they can, we should do the same and we're already aware of the strategy that it's better to keep it rather than selling it if we don't need the cash by the time of selling it.
And with this news, I think this is the reason why we see bitcoin is stable lately.
And with this news, I think this is the reason why we see bitcoin is stable lately.
Apparently, the Microstrategy, the company active in the field of business intelligence is endless, as the company's CEO Michael Silver recently announced another $15 million purchase. Silver announced on Twitter that the company had bought another 253 BTC at an average price of $59,339.
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
MicroStrategy really likes to invest in Bitcoin. I'm hearing its name the most in these days. They don't prefer investing into Bitcoin with all the money they allocated for it at one go. They are investing nearly the same amount every time piece by piece at intervals. Maybe it could be some strategy.
Apparently, the Microstrategy, the company active in the field of business intelligence is endless, as the company's CEO Michael Silver recently announced another $15 million purchase. Silver announced on Twitter that the company had bought another 253 BTC at an average price of $59,339.
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
This type of news is becoming more and more prominent which is definitely helping the market. I have come across many such news and it seems that more and more companies are seeing BTC as a real asset and alternative to gold or other investments Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.
Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/
Microstrategy has always been buying Bitcoin for a long time, not sure when it will stop buying. Miners currently tend to keep their bitcoins instead of selling them. Combining the above creates the scarcity of Bitcoin in the market. I believe Bitcoin will soon increase in value as the purchasing power is getting bigger and bigger as institutions and individuals are actively buying it.
salute to Michael saylor, a true Bitcoin buyer who is not afraid of risk...
at a time when many people predict the price of Bitcoin will fall, Saylor continues to increase his investment in Bitcoin. it looks like he doesn't care about the bearish predictions at all.
at a time when many people predict the price of Bitcoin will fall, Saylor continues to increase his investment in Bitcoin. it looks like he doesn't care about the bearish predictions at all.
To be fair, the markets as a whole seem to actually be bullish on bitcoin. The only bearish people are the naysayers like Peter Schiff, who are pretty much bearish regardless of price and market condition anyway.
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